Good morning friends! ✋

CME FedWatch data has started pricing in a 41% chance of a 25bp rate cut and a 59% chance of a 50bp rate cut.

This is the real source of the decline, because a 50bp rate cut indicates a recession risk.#USfutures are in the red in #Bitcoin, but it is not a very long-term decline.

#FEDhas never cut 50bp rates so far. My expectation is that#FEDwill cut 25bp and I expect Powell to give dovish messages to the markets.

Then we will continue on our way.